DislikedQuestion....is this program intended to execute multiple entry orders at the same time. I teed up 3 market orders and there seemed to be considerable hesitation although it did the requested task. Is this something you have looked at....or is it likely the problem is resources on my end. It's soon time for me to add memory. Would this be a memory intensive request?
Thanks.
Cheers
CanuckCTIgnored
Thanks for taking the time to test VO-Pro.
I can only guess, since I don't know much about your PC configuration, MT4 br0ker, how many other processes you have running simultaneously, how many charts/indicators you have open, etc, etc. Also, the turnaround time between an order being transmitted and a response from the br0ker is likely to depend on time of day, order traffic, and so forth.
All VO-Pro is doing is taking the visually based data that you've given it (entry, SL points, trade risk, etc) and creating a 'send order' instruction, which it (like any other script or EA) sends to the br0ker. There shouldn't be any other major delays apart from the normal turnaround time between your MT4 and the br0ker. However, you could test this by placing a few orders using VO-Pro, and then doing the same using MT4's native 'New Order' procedure; and comparing the response times.
VO-Pro is designed to place multiple orders. There are a number of ways to do this, depending on your trading approach:
1. If entries and/or TPs are going to be spaced N pips apart, then
(i) click the entry/TP wizard buttons to set values for X ('last+N' or 'last-N' options),
(ii) attach the VO Create New Order script to your chart
(iii) adjust the positions of the lines to your desired levels
(iv) click the EXECUTE button to place the first order
Then repeat steps (ii) and (iv) to place the subsequent orders. The starting line levels will default to N pips above/below each previous entry, as you instructed them in step (i).
You can avoid step (iv) by setting the 'Auto execute orders' checkbox ON. Then every time you perform step (ii), the order will automatically be executed.
Video #5 in post #1 demonstrates how to do this.
2. If, instead of having then levels evenly spaced, you want to set them to some other TA-based criteria (e.g. S/R levels), then the setup in step (i) is unnecessary. Simply place each order using steps (ii), (iii) and (iv).
Video #3 in post #1 demonstrates how to do this.
3. You can have VO-Pro create multiple orders, all with the same entry, SL and/or TP, simultaneously (and then modify the levels using VO Modify Orders), if you prefer.
(i) Set the Trade Risk as follows, e.g. $700,1,2,4
This means that the total trade risk is $700, but it will be spread across 3 orders:
order #1 = 1/(1+2+4) = 1/7 x $700 = $100 risk
order #2 = 2/(1+2+4) = 2/7 x $700 = $200 risk
order #3 = 4/(1+2+4) = 4/7 x $700 = $400 risk
(ii) attach the VO Create New Order script to your chart
(iii) adjust the positions of the lines to your desired levels
(iv) click the EXECUTE button to place all of the orders simultaneously
Video #10 in post #1 demonstrates how to do this.
4. You can use presets. For example, to set up a straddle:
(i) Create the buy part of the straddle......
Click VOConsole's RESET button, then use the wizards to set up the entry, SL, and TP positions, e.g.
SL = 'market'
entry = 'market+20'
TP = 'market+50'
Also, set 'Auto execute orders' checkbox ON; and (if you wish) create a trade comment (e.g. 'VO straddle') and/or a magic number.
Set your Trade Risk, e.g. 1%
Then type a preset name (e.g. 'straddle buy') into any empty slot in the Presets area, and click the SAVE button. This will save all of the settings currently showing on VOConsole for later recall and use.
(ii) Create the sell part of the straddle......
Again, use the wizards to set up the entry, SL, and TP positions, e.g.
SL = 'market'
entry = 'market–20'
TP = 'market–50'
The other parameters shouldn't need changing.
Then type a preset name (e.g. 'straddle sell') into any empty slot in the Presets area, and click the SAVE button.
Now you've created two presets, 'straddle buy' and 'straddle sell', which you can use repeatedly in the future.
To run the straddle:
(i) click the preset (load) button alongside 'straddle buy', to recall the 'straddle buy' preset
(ii) attach the VO Create New Order script to your chart. Presto! Because the auto execute facility is checked ON, the buy order will automatically be placed.
Now repeat steps (i) and (ii) to load and execute the straddle sell order.
There are many other ways that you can use presets to create all sorts of different order types and combos. No matter what your entry strategy is, VO-Pro can execute it.
David